FDGvsMMLGETF Comparison
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American Century Focused Dynamic Growth ETF (FDG) and First Trust Multi-Manager Large Growth ETF (MMLG) belong to the same industry segment: US Large Cap Growth. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. FDG is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.85% for MMLG. FDG is up 2.02% year-to-date (YTD) with +$8M in YTD flows. MMLG performs worse with -0.86% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of FDG and MMLG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FDG vs MMLG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDG MMLG | +18.60%+16.73% | +0.29%-0.24% | +2.02%-0.86% | +38.78%+24.80% | +122.73%+84.75% | +61.01%+35.32% |
| Flows | FDG MMLG | +$6M- | -$9M- | +$8M-$2M | +$28M+$10M | +$53M+$15M | +$28M+$69M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDG MMLG | +24.47%+23.84% | +19.18%+18.60% | +22.46%+21.49% | +25.51%+25.48% |
| Max drawdown | FDG MMLG | -15.44%-14.54% | -16.07%-19.91% | -26.41%-26.54% | -43.71%-45.91% |
| Max drawdown duration | FDG MMLG | 78d78d | 169d181d | 169d128d | 959d1055d |
Trading data
FDG | MMLG | |
Last sale 4/30/2026 at 3:41 PM | $129.44 | $35.00 |
| Previous close 04/29/2026 | $129.51 | $35.09 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/30/2026 at 3:41 PM
Live
Closed
FDG | MMLG | |
|---|---|---|
| Last price | $129.44 | $35.00 |
| 1D performance | -0.05% | -0.25% |
| AuM | $381.08 M | $87.79 M |
| E/R | 0.45% | 0.85% |
Characteristics
FDG | MMLG | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | First Trust |
| Benchmark | - | - |
| N° of holdings | 33 | 67 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 31, 2020 | July 21, 2020 |
| ESG | No | No |
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Exposure
Countries
FDG
USA
87.45%
Other
12.55%
MMLG
USA
89.21%
Other
10.79%
Sectors
FDG
Information Techn.
33.7%
Communication Ser.
20.07%
Consumer Discreti.
15.68%
Health Care
8.06%
Other
22.49%
MMLG
Information Techn.
44.99%
Communication Ser.
16.4%
Consumer Discreti.
12.58%
Other
26.03%
Diversification
FDG
Total weight of top 15 holdings out of 15
75.56%
MMLG
Total weight of top 15 holdings out of 15
60.16%
Top 15 holdings
Data as of March 31, 2026
FDG
NVIDIA
17.57%
ALPHABET INC-CL
15.04%
AMAZON.COM INC
8.60%
TESLA
6.63%
MICROSOFT-T
4.50%
NETFLIX
3.57%
CADENCE DESIGN SYSTEMS
3.21%
US04351P1012
3.18%
ALNYLAM PHARMACEUTICALS
2.60%
MASTERCARD
2.50%
REGENERON PHARMACEUTICALS
2.10%
INTUITIVE SURGICAL
1.85%
MONOLITHIC POWER SYSTEMS
1.61%
US19247G1076
1.33%
US04016X1019
1.27%
MMLG
NVIDIA
12.70%
ALPHABET INC-CL
5.78%
MICROSOFT-T
5.30%
AMAZON.COM INC
4.89%
BROADCOM LIMITED
4.51%
META PLATFORMS
4.41%
APPLE
4.24%
SHOPIFY SUBORDINATE VOTING
2.83%
US8740391003
2.79%
NETFLIX
2.76%
SPOTIFY TECHNOLOGY SA
2.48%
CARVANA CO
1.93%
LILLY
1.89%
VISA INCORPORATION
1.83%
CARPENTER TECHNOLOGY
1.82%
Frequently asked questions about FDG and MMLG
How have the FDG and MMLG ETFs performed in 2026?
As of April 28, 2026, FDG is up 2.02% year-to-date (YTD), while MMLG has lost -0.86%. That puts FDG better performer ahead so far this year.
Which ETF is attracting more investor money: FDG or MMLG?
Year-to-date, the FDG ETF saw +$8M in flows, compared to -$2M for MMLG.
Which ETF is more volatile: FDG or MMLG?
Over the past year, FDG had a volatility of 19.18%, while MMLG experienced 18.6%.
Which ETF is bigger: FDG or MMLG?
As of April 28, 2026, FDG holds $381.08 M in assets under management (AUM), while MMLG manages $87.79 M.
What sectors do the FDG and MMLG ETFs invest in?
FDG leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, MMLG focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the FDG ETF and MMLG ETF?
FDG top holdings include NVIDIA, ALPHABET INC-CL and AMAZON.COM INC. MMLG holds in its top three: NVIDIA, ALPHABET INC-CL and MICROSOFT-T.
Which ETF is more diversified: FDG or MMLG?
FDG holds 36 securities with 75.56% of its assets in the top 15. MMLG has 74 securities and a top 15 weight of 60.16%.
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